Payment orchestration platform IXOPAY has teamed up with payments technology company Silverflow to allow its clients upgrade their card payments process by adopting cloud-based acquiring.

Silverflow allows users to set up or retain an existing commercial agreement with any acquirer, without needing to connect to the acquirer’s legacy platform, through a single API.

The users can avail card processing capabilities by uploading the acquirer’s BIN/ICA onto the Silverflow platform.

This platform is claimed to offer data and cost transparency as well as quick onboarding and advanced chargeback handling.

IXOPAY, which facilitates flexible payment processing, caters to financially licensed institutions, payment service providers, and independent sales organisations.

The company said the partnership will provide its clients with ‘state-of-the-art cloud based acquiring, cascading, and unparalleled risk management functions’.

IXOPAY founder and chairman Rene Siegl said: “The partnership with Silverflow is very exciting, by combining our best of breed platform with cloud based card acquiring our clients will have access to the best payments technology providing their merchants with a best in class service.”

Silverflow co-founder and CEO Anne Vries added: “IXOPAY is an industry leading payment orchestration platform and we are pleased to be selected as one of their partners as it highlights the strength of our technology. Together we can provide clients and their merchants a world class payments setup.”

In 2019, IXOPAY partnered with Paydoo to expand their payment offerings in Europe.

Last month, Deutsche Bank signed a global partnership with Silverflow to enhance its payments strategy.